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Technology Stocks : Apple Inc.

AAPL 277.96

-0.3%

3:59 PM EST

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To: BillHoo who wrote (17200)	8/24/1998 8:55:00 PM
From: Phillip C. Lee	Read Replies (2) of 213173

A consolidation is today's phenomenon that should be treated with normal reaction. Most of trading is from profit taking. It's quite clear now that $40 is our lower end, while $44 may be our higher end, 10% range. There is no break-through unless a better and bigger news is announced. The continuous news on good iMac sales will bring enough supporting force to make AAPL within that range. My personal feelings on overall market in this week are: - Another bull run in this week is likely; - Tech stocks will recover some grounds for hard-hit ones, the good ones will surge to near/break the record high. Therefore, Apple at the range of $40-$41.5 will be a safe bet. I expect it will be getting higher following the overall market trend before iMac hits Japan's market on August 29th. Well, it's just my own feelings. Phil

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